Which of the following would be considered a part of a consulting services (non-assurance) engagement?
I. Expressing a conclusion about the reliability of an entity's financial statements.
II. Reviewing and commenting on a client-prepared business plan.
A. I only.
B. II only.
C. Both I and II.
D. Neither I nor II.
B. II only.
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________ game theory seeks to predict the behavior of rational, intelligent firms competing independently
A) Noncooperative B) Cooperative C) Dynamic D) Static
Any breach allows the nonbreaching party to cancel the contract.
Answer the following statement true (T) or false (F)
Which of the following motions would be appropriate if before the trial a defendant claimed that the only issue between the parties was a question of law, the facts were settled, and that the law was favorable to the defendant's position?
a. A motion for a directed verdict b. A motion for summary judgment. c. A motion for judgment n.o.v. d. Any of the above.
Consider the information below from a firm's balance sheet for 2013 and 2014
Current Assets 2014 2013 Change Cash and Equivalents $1,561 $1,800 -$ 239 Short-Term Investments $1,052 $3,010 -$1,958 Accounts Receivable $3,616 $3,129 $ 487 Inventories $1,816 $1,543 $ 273 Other Current Assets $ 707 $ 601 $ 106 Total Current Assets $8,752 $10,083 -$1,331 Current Liabilities Accounts Payable $5,173 $5,111 $ 62 Short-Term Debt $ 288 $ 277 $ 11 Other Current Liabilities $1,401 $1,098 $303 Total Current Liabilities $6,862 $6,486 $ 376 What is the Net Working Capital for 2014? What is it for 2013? What is the Change in Net Working Capital (NWC)? Assuming the Operating Cash Flows (OCF) are $7,155 and the Net Capital Spending (NCS) is $2,372, what is the Cash Flow from Assets? What will be an ideal response?